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• PeriodicallyPedantic@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  Then China should forgive the debt.

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  • Cowbee@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

    They frequently do, they can’t afford to run endless charity though, so loans with few restrictions are often used to help speed up development in a more sustainable way.

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    • PeriodicallyPedantic@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

      But they haven’t.
      Right now PRC holds all the assets and gets all the revenue, and laos holds all the debt and all the risks, for 30 years. China has used this to grant themselves positions of control over large parts of the infrastructure planning.

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      • Cowbee@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

        China does frequently forgive loans. As socialist countries, China and Laos have strong friendship and cooperative ties. Laos is not in any danger from the loans, and has been steadily developing partially with the assistance of said loans.

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